Joe may have been saying, as you state, that Altucell "has the right to go their separate ways if and only if...". Or, as he stated it, "Wrong as usual if you took the time to read it's from when any Govt interaction or delay occurs till that delay is over".
However, the 8-k states:
"If ALTuCELL chooses to cancel the transaction as a result of delays due to forces beyond the control of Generex, including government regulatory delays or extended reviews by regulators that delay approvals of corporate actions... ALTuCELL agrees to return all payments made by Generex."
That is clear as day. They can choose to walk after 30 days if they want, at the sole pain of returning the deposit and operations funding GNBT has given them to that point.
Now, they may INTEND to extend the deal if necessary. But I doubt any legal team would back Joe's implication that the 30 day clock doesn't start ticking until the gov't review are over, at least as far as the 8-k shows us.
And that's the real crux of my point. Yes, Olaregen and others have continued to extend their deals, to-date. And that has been a life saver for GNBT (and us), IMHO. However, everyone has their limits. What would happen if Olaregen decided to walk? Would others follow? We won't know until it happens. But if it happens, it could be disastrous.
Joe has assembled a fine looking ship. But right now, the parts of the ship are held together by rope. Once the div is in the rear view mirror, the S-1 is approved, NGIO spins (pushing up the share price), S-1 funding is received, and Joe pays off the deals and sets the machine to work, the ship will be welded together, and we will be able to get it up to speed.
We know that Joe has a LOT of info in his head that we are not privy to. Maybe he mistakenly bases some of these comments on that type of info. For example, maybe Altucell TOLD JOE that they would not really start the clock until 30 days after the gov't review period is up (or that they intend to keep extending to that point), because they really want to be part of Joe's team. So that could be what Joe thinks when he reads a post like Hylander's. However, public info sometimes is contrary to what Joe insinuates (based on his deeper level of knowledge) when he comes to the boards and lets loose on people.
As I have told Joe here and through PM, he needs to remember that he is stuck with us retail investors until he can get GNBT onto the NAZ. We are not professionals, and this is not our full time job. We make mistakes, we miss things, we forget details from time to time, but we do the best we can to process and keep up with a fluid and complex situation.
In the meantime, it would behoove Joe, again in my opinion, to treat his shareholders with as much respect on the boards as he does on the calls. That means no drive-by heated comments based on a small sampling of posts. He should either participate by understanding whole conversations, respond professionally to comments, and wait around for people to get back to him or not come here at all... especially when he appears to be incorrect, as is the case here, unless he can point to another document.
To that point, I'm still hoping Joe comes back to explain his comment to Hylander and what info he can share with us that backs up his claim...
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I did read the 8k, several times. and of course i read your pointing out Joe's explanation, discrepancy wise. And i did go back and reread the 8k. What Joe was referring to, according to my understanding, was Altucel has the right to go their separate ways if and only if (regulatory denials and or a long process, natural disasters and other unforeseen events) the reasons listed hereto. The way i understood it and Joe's explanation, is that they can not cancel because of other reasons and do welcome more extensions, if necessary, to continue with this venture......hence why Joe was so upset (11691)....
However, the 8-k states:
"If ALTuCELL chooses to cancel the transaction as a result of delays due to forces beyond the control of Generex, including government regulatory delays or extended reviews by regulators that delay approvals of corporate actions... ALTuCELL agrees to return all payments made by Generex."
That is clear as day. They can choose to walk after 30 days if they want, at the sole pain of returning the deposit and operations funding GNBT has given them to that point.
Now, they may INTEND to extend the deal if necessary. But I doubt any legal team would back Joe's implication that the 30 day clock doesn't start ticking until the gov't review are over, at least as far as the 8-k shows us.
And that's the real crux of my point. Yes, Olaregen and others have continued to extend their deals, to-date. And that has been a life saver for GNBT (and us), IMHO. However, everyone has their limits. What would happen if Olaregen decided to walk? Would others follow? We won't know until it happens. But if it happens, it could be disastrous.
Joe has assembled a fine looking ship. But right now, the parts of the ship are held together by rope. Once the div is in the rear view mirror, the S-1 is approved, NGIO spins (pushing up the share price), S-1 funding is received, and Joe pays off the deals and sets the machine to work, the ship will be welded together, and we will be able to get it up to speed.
We know that Joe has a LOT of info in his head that we are not privy to. Maybe he mistakenly bases some of these comments on that type of info. For example, maybe Altucell TOLD JOE that they would not really start the clock until 30 days after the gov't review period is up (or that they intend to keep extending to that point), because they really want to be part of Joe's team. So that could be what Joe thinks when he reads a post like Hylander's. However, public info sometimes is contrary to what Joe insinuates (based on his deeper level of knowledge) when he comes to the boards and lets loose on people.
As I have told Joe here and through PM, he needs to remember that he is stuck with us retail investors until he can get GNBT onto the NAZ. We are not professionals, and this is not our full time job. We make mistakes, we miss things, we forget details from time to time, but we do the best we can to process and keep up with a fluid and complex situation.
In the meantime, it would behoove Joe, again in my opinion, to treat his shareholders with as much respect on the boards as he does on the calls. That means no drive-by heated comments based on a small sampling of posts. He should either participate by understanding whole conversations, respond professionally to comments, and wait around for people to get back to him or not come here at all... especially when he appears to be incorrect, as is the case here, unless he can point to another document.
To that point, I'm still hoping Joe comes back to explain his comment to Hylander and what info he can share with us that backs up his claim...
==============
I did read the 8k, several times. and of course i read your pointing out Joe's explanation, discrepancy wise. And i did go back and reread the 8k. What Joe was referring to, according to my understanding, was Altucel has the right to go their separate ways if and only if (regulatory denials and or a long process, natural disasters and other unforeseen events) the reasons listed hereto. The way i understood it and Joe's explanation, is that they can not cancel because of other reasons and do welcome more extensions, if necessary, to continue with this venture......hence why Joe was so upset (11691)....
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